Man Group plc Buys New Stake in AGCO Corporation $AGCO

Man Group plc bought a new stake in AGCO Corporation (NYSE:AGCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,642 shares of the industrial products company’s stock, valued at approximately $2,591,000.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AGCO in the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC increased its position in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. Advisory Services Network LLC purchased a new stake in AGCO in the third quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its holdings in AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 232 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a research report on Friday, July 31st. Morgan Stanley decreased their price target on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Weiss Ratings lowered shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Wells Fargo & Company reduced their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Citigroup dropped their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus price target of $122.17.

AGCO Stock Up 4.5%

Shares of AGCO opened at $118.53 on Tuesday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.94 and a beta of 1.08. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78. The stock’s 50-day moving average price is $111.15 and its 200-day moving average price is $116.82. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, sell-side analysts predict that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is currently 16.60%.

Insiders Place Their Bets

In other news, Director Lange Bob De purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the transaction, the director owned 18,717 shares in the company, valued at $1,884,989.07. This represents a 5.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the transaction, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. The trade was a 14.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.